Contract law worksheet with answers

In English law, a promise made in a deed is enforceable even without:

1. AConsideration
2. BA signature
3. CWriting
4. DDelivery of the deed

A "voidable" contract is one that:

1. AIs valid until the affected party chooses to set it aside
2. BIs a criminal agreement and illegal
3. CCan only be ended by both parties agreeing together to cancel it
4. DNever had any legal effect at all

The duty to mitigate loss means that a claimant:

1. AMust accept any offer made by the party in breach
2. BCannot recover for losses they could reasonably have avoided
3. CMust sue within one month of the breach
4. DMust prove the breach was deliberate

A contract made under duress may be:

1. ATurned into a criminal offence only
2. BEnforced against the pressured party in every case
3. CAutomatically valid with no remedy
4. DAvoided (set aside) by the pressured party

Promissory estoppel can prevent a party from:

1. AMaking any new promises
2. BSuing for any breach at all, including breaches entirely unrelated to the promise that it made
3. CEntering into future contracts
4. DGoing back on a promise not to enforce strict legal rights, when the other relied on it

A court will imply a term in fact into a commercial contract only if:

1. AIt would be reasonable and fair to both parties, even if it is not necessary
2. BIt is usual in contracts in other industries
3. CIt is necessary for business efficacy or so obvious it goes without saying
4. DIt would benefit the weaker party

A wife guarantees her husband's business debts to a bank. Under RBS v Etridge (No 2), the bank should normally:

1. AObtain confirmation that a solicitor has advised her
2. BSeek a court's approval of the guarantee
3. CRefuse the guarantee unless she has her own income
4. DHave the husband explain the risks to her

In Great Peace Shipping v Tsavliris Salvage, the Court of Appeal held that a contract is void for common mistake only if the mistake makes performance:

1. ADifferent from the contract in a minor detail
2. BCommercially less attractive for one party
3. CImpossible or essentially different from what the parties agreed
4. DMore expensive to carry out than both parties had expected when contracting